CoreWeave receives analyst upgrades amid CFO share sale

CoreWeave, an AI infrastructure company, has received several analyst upgrades despite recent insider selling. JPMorgan Chase & Co. upgraded the stock from neutral to overweight, raising its December 2027 price target to $125. The bank cited the company’s strong market share and favorable pricing in the neocloud industry, noting its significant deals with Microsoft, OpenAI, and Anthropic.

UBS Group also issued a “strong-buy” rating for the company. Other financial institutions, including Goldman Sachs and Mizuho, have provided various price targets and ratings. The company reported a net revenue backlog exceeding $106 billion in its recent earnings statement.

In a separate development, CoreWeave CFO Nitin Agrawal sold 55,764 shares on September 22nd at an average price of $86.83, totaling approximately $4.84 million. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving Agrawal with 132,596 shares.